ALBUQUERQUE, N.M., April 27 /PRNewswire-FirstCall/ -- Bowlin Travel Centers, Inc. (OTC:BWTL) (BULLETIN BOARD: BWTL) today reported net sales from continuing operations increased 19.3% to $27.751 million for the twelve-months ended January 31, 2007, compared to net sales from continuing operations of $23.252 million for the same twelve-month period in the prior fiscal year. Earnings per share for the twelve-month period ended January 31, 2007 was $0.13 per basic and diluted share, compared to $0.14 per basic and diluted share for the twelve-months ended January 31, 2006. Net sales from continuing operations for the fourth quarter period of fiscal 2007, increased 22.2% to $6.351 million compared to $5.199 million for the fourth quarter period ended January 31, 2006. Earnings per share for the fourth quarter period ended January 31, 2007 was $0.05 per basic and diluted share compared to earnings per share of $0.03 per basic and diluted share in the same period of the prior year. Michael L. Bowlin, Chairman, President and Chief Executive Office stated, "I am pleased to report the results of this our 35th year of profitability. Gross sales increased this fiscal year but were tempered by the need to offer heavier discounts in some locations and a general increase in the cost of goods sold. We were able to hold the increase in G&A to a manageable 2.7% increase through the successful supervisory support programs that have been in place for sometime plus the dedication of the management teams at our travel centers that are a vital key to our success. "We entered into a letter of intent to sell one of our underperforming locations and two other underperforming locations are for sale. In fiscal 2008 we will continue to maintain our focus on operational improvements which include volume buying for improved margins and maintaining our supervisory support programs that have proved so successful for us," Bowlin concluded. Strategically located on major interstate highways, the Company operates travel centers that utilize co-branding agreements with national companies. The Company's current operations are located in the Southwestern United States. Visit our web sites at: http://www.bowlintc.com/ and http://www.shopbowlin.com/ Certain statements contained herein with respect to factors which may affect future earnings, including management's beliefs and assumptions based on information currently available, are forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements that are not historical facts involve risks and uncertainties, and results could vary materially from the descriptions contained herein. For more details on risk factors, see the company's annual reports on Form 10-K, quarterly reports on Form 10-Q and other filings with the Securities and Exchange Commission. For Further Information Contact: Michael L. Bowlin, Chairman (505) 266-5985 Rudy R. Miller, Chairman and CEO The Miller Group Investor Relations for the Company (602) 225-0504 The following tables outline the company's financial results for fiscal 2007 and fiscal 2006 Condensed Balance Sheets and Statements of Income BALANCE SHEET (in thousands) January 31, January 31, 2007 2006 Assets (Audited) (Audited) Cash and cash equivalents $2,308 $1,894 Marketable securities 453 721 Other current assets 4,171 3,945 Total Current Assets 6,932 6,560 Property and equipment, net 9,706 9,877 Assets held for sale 2,559 2,664 Other assets 809 707 Total Assets $20,006 $19,808 Liabilities and Shareholders' Equity Current liabilities $1,881 $2,154 Long-term debt 4,198 4,261 Long-term debt of assets held for sale 521 538 Deferred income taxes 759 812 Total Liabilities 7,359 7,765 Shareholders' equity 12,647 12,043 Total Liabilities and Shareholders' Equity $20,006 $19,808 CONDENSED STATEMENTS OF INCOME (Audited) (in thousands, except share and per share data) THREE MONTHS ENDED TWELVE MONTHS ENDED JANUARY 31, JANUARY 31, 2007 2006 2007 2006 Net sales $6,351 $5,199 $27,751 $23,252 Cost of goods sold (4,381) (2,902) (18,910) (14,395) General and administrative expenses (1,671) (1,689) (7,110) (6,923) Depreciation and amortization (195) (187) (758) (741) Income from operations 104 421 973 1,193 Interest expense (80) (87) (336) (322) Other non-operating income, net 129 (12) 383 440 Income from continuing operations before income taxes 153 322 1,020 1,311 Income tax expense (63) (81) (413) (471) Income from continuing operations 90 241 607 840 Loss from discontinued operations (59) (86) (204) (190) Unusual item 201 -- 201 -- Net income $232 $155 $604 $650 Earnings per share: Basic and diluted; continuing operations $0.06 $0.05 $0.17 $ 0.18 Basic and diluted; discontinued operations ($0.01) ($0.02) ($0.04) ($0.04) Basic and diluted; net income $0.05 $0.03 $0.13 $0.14 Weighted average common shares outstanding 4,583,348 4,583,348 4,583,348 4,583,348 DATASOURCE: Bowlin Travel Centers, Inc. CONTACT: Michael L. Bowlin, Chairman of Bowlin Travel Centers, Inc., +1-505-266-5985; or Investors, Rudy R. Miller, Chairman and CEO of The Miller Group, +1-602-225-0504, for Bowlin Travel Centers, Inc. Web site: http://www.bowlintc.com/

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